Fiscal Note

HB0338S02 - Property Tax Exemption for Business Personal Property

State Impact:
Passage of this bill would have no net fiscal impact due to truth in taxation. However, there is a shift in tax burden of approximately $136,800 from tangible personal property to other tangible and real property.

Individual and Business Impact:
There would be a potential shift in tax burden between taxpayers.

Office of the Legislative Fiscal Analyst
2/16/2006, 10:07:48 AM